The expanding retail sector and the consistent demand for sturdy and durable shop fitting materials are the key factors driving customized shopfitting materials market. The awareness of how the aesthetics influence the overall shop appearance and customer experience, among the retailers has shifted their approach towards re-designing the shop interiors. Based on a report by Global Market Insights, Inc., customized shopfitting materials market size, worldwide, will be pegged above USD 180 billion by 2025, primarily driven by the high investments from the retail sector in order to produce consumer friendly retail channels.
Germany Shopfitting Materials Market Size, By Application, 2018 & 2025, (USD Billion)
The United States is one of the most profitable regional grounds for customized shopfitting materials industry. Global Markets Insights, Inc., states that U.S. customized shopfitting materials market is expected to surpass USD 30 billion by 2025, driven by the increasing number of fitness clubs chains in the region. Obesity has emerged as a prominent health issue in United States, leading to chronic health conditions and increasing the rate of early mortality in the region. Rising health awareness among citizens will direct them towards fitness clubs and gymnasiums, which may stimulate the U.S. customized shop fitting materials market.
Decorative laminates are applied on a plethora of surface finish furniture types used in commercial & corporate offices, showrooms and restaurants, given that they improve the interior aesthetics and provide long term protection against termites and bugs. Also, laminates offer several other advantages like easy cleaning, durability, scratch resistance, anti-microbial and chemical resistance properties which tend to increase the life of furniture. These factors will positively affect the laminate based customized shopfitting materials industry size, projected to register a CAGR of 4.5% over 2019-2025.
The worldwide expansion of hypermarkets will bring in a great demand for customized shop fitting furniture like shelves and counters made of different materials like woods and plastic. The rapidly increasing urbanization trends are expected to flood the hypermarkets with customers, commanding the requirement of state-of-the-art shopfitting material for furniture. As per estimates, customized shop fitting materials market size from hypermarkets will witness gains over 3.5% through by 2025.
Apart from furniture and shelves the application of customized shopfitting materials for flooring is also rising. The use of vinyl, linoleum, rubber, cork and resin will find increasing demand, owing to its nature of easy-to-fit and replace. The demand for these materials is particularly exponential in India – as a matter of fact, India custom shopfitting materials market size from the flooring application will cross USD 13.5 billion by the end of 2025.
The burning of materials like composite woods including plywood, particle boards and high or medium density fiber boards emits formaldehyde fumes in the air adding to the toxicity and indirectly affecting the balance of nature. The high level of exposure to formaldehyde for a long time may cause skin and lung cancer. Even short-term exposure may produce acute to chronic reactions to skin, eyes, nose, and throat. Growing awareness for environmental safety among the masses and the ‘Go green’ moto followed by the developed and developing nations to eliminate deforestation may affect the wood supply required to manufacture composite derivatives, slightly hindering customized shopfitting materials industry size.
The increasing urbanization, rapid rise of the retail sector, increasing priority for hypermarket construction, and regular innovations to enhance product life will undoubtedly be the major driving factors for customized shop fitting materials industry. Some of the pivotal players partaking in custom shopfitting materials market who regularly come up with innovative products to match up to consumer demands include, Decorative Films, Jacobs Joinery & Shopfitters, Madico, Verwaltungszentrale Greenlam, SURTECO, REHAU and Wilsonart.